A top Dubai Customs official alleged that Dubai’s direct non-oil trade has continuously grown in the third quarter to hit Dh425 billion ($115 billion). It increased up to 19 per cent as compared to last year’s production which was Dh358 billion.
Ahmed Butti is the executive chairman of Ports, Free Zone and Customs Corporation and general director of Dubai Customs. He assumed that there were positive outcomes from the month January to September regarding all the non-oil trade indicators. It showed the continuous economic recovery and progress for the emirate.
He alleged that India had the biggest distribution of non-oil trade transactions with Dubai. It is topping other states at a 26 per cent from the largely Dubai trade exchanges which is valued at Dh112 billion.
Butti revealed that both exporting and re-exporting actions had strike a record in the nine-month period of this year. It has been compared to the same period over the last five years.
According official statistics, the official said that the non-oil exports value had went beyond Dh50 billion by the end of third quarter. It has an increment of 38 per cent as evaluated to last year which was Dh36.5 billion of exports.
